Over-assessed vs. comparables

516 Riverside Dr

Tarrant County, Texas · commercial property · 1,899 sq ft · Texas Tax Code §42.26

$1,230estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Tarrant public rollTexas
Current assessment$205,616
What the comparable appraisals support$149,726
Estimated over-assessment$55,890 · 27.2%
Comparable basis$79/SF
Estimated tax saved / year$1,230

Straight from the public Texas roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable appraisals behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public assessment figures matter.

Comparable assessment $/SFAdjusted $/SFSizeBuilt
$33$331,926 SF1945
$37$371,856 SF1946
$51$511,853 SF1945
$65$651,890 SF1945
$67$671,943 SF1944
$91$911,800 SF1945
$106$1051,896 SF1944
$116$1172,000 SF1945

Why this is the lever

Texas Tax Code §42.26

Under §42.26, if a property is appraised above the median appraised value of a reasonable number of comparable properties (adjusted for size, age, and location), the value must be brought down to that median.

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